Business

Nvidia’s stock market value rose $273 billion in a day. How it rose to AI prominence, by the numbers

Nvidia’s stock price jumped 16% on Thursday, increasing the company’s market value by a staggering $273 billion in just one day, a record amount. The chipmaker has been seeing soaring demand for its semiconductors, which are used to power artificial intelligence, or AI applications. The company’s revenue more than tripled in the latest quarter compared with the same period a …

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AT&T’s network is having problems: What you should know while navigating a phone service outage

NEW YORK (AP) — Customers of AT&T, the country’s largest wireless provider, reported widespread outages on Thursday. Here’s what to know if you are having problems with your phone service. When did the outage start? AT&T had more than 58,000 outages around noon ET, in locations including Houston, Atlanta and Chicago. The outages, which began at approximately 3:30 a.m. ET, …

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El déficit comercial de Japón disminuye mientras siguen creciendo las exportaciones

TOKIO (AP) — Las exportaciones japonesas crecieron casi un 12% en enero, gracias al aumento de los embarques de vehículos, autopartes y maquinaria, según datos del gobierno nipón publicados el miércoles. Ello contribuyó a reducir el déficit comercial del país a 1,76 billones de yenes (12.000 millones de dólares), aproximadamente la mitad que hace un año, ya que las importaciones …

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The European Union expands digital crackdown on toxic content, dodgy goods to all online platforms

LONDON (AP) — The European Union is expanding its strict digital rulebook on Saturday to almost all online platforms in the bloc, in the next phase of its crackdown on toxic social media content and dodgy ecommerce products that began last year by targeting the most popular services. The EU’s trailblazing Digital Services Act has already kicked in for nearly …

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How major US stock indexes fared Friday, 2/16/2024

Stocks slipped to send Wall Street to a rare losing week, just its second in the last 16. The S&P 500 fell 0.5% Friday after a report on inflation at the wholesale level came in hotter than expected. The benchmark index set a record high a day earlier. The Dow Jones Industrial Average fell 0.4%, and the Nasdaq composite fell …

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Consumer sentiment edges higher as economic growth accelerates and inflation fades

WASHINGTON (AP) — A measure of consumer sentiment ticked higher this month, after soaring in December and January, underscoring that Americans are starting to feel better about the economy after several years of gloom. The University of Michigan’s consumer sentiment index, released Friday, ticked up to 79.6 in February, from 79 in January. The small gain followed two months of …

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Ford CEO says company will rethink where it builds vehicles after last year’s autoworkers strike

DETROIT (AP) — Last fall’s contentious United Auto Workers’ strike changed Ford’s relationship with the union to the point where it will “think carefully” about where it builds future vehicles, Ford’s top executive said Thursday. CEO Jim Farley told the Wolfe Research Global Auto Conference in New York that the company always took pride in its relationship with the UAW, …

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